Artisan Acquisition Corp. (NASDAQ:ARTAU) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,400 shares, an increase of 74.2% from the August 15th total of 3,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 67,200 shares, the short-interest ratio is presently 0.1 days.
ARTAU stock traded down $0.01 during trading on Friday, hitting $10.09. The company had a trading volume of 1,059 shares, compared to its average volume of 101,264. Artisan Acquisition has a 52-week low of $9.76 and a 52-week high of $10.15. The firm has a 50 day moving average of $9.95.
Several large investors have recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new position in shares of Artisan Acquisition during the second quarter valued at $29,880,000. Millennium Management LLC bought a new position in Artisan Acquisition during the 2nd quarter worth about $13,427,000. Aspex Management HK Ltd purchased a new position in Artisan Acquisition during the 2nd quarter valued at about $12,450,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Artisan Acquisition in the 2nd quarter valued at about $10,956,000. Finally, LMR Partners LLP purchased a new stake in shares of Artisan Acquisition in the 2nd quarter worth approximately $10,241,000.
Artisan Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to search for a target with operations or prospects focusing on healthcare, consumer, and technology sectors.
Further Reading: What is Considered a Good Return on Equity (ROE)?
Receive News & Ratings for Artisan Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.